Degen (DEGEN) was initially introduced as a reward token for participants in the Farcaster Degen channel. Initially considered a meme coin, it has gained significant traction among developers, crypto content creators, and enthusiasts. At launch, 15% of the total token supply was distributed via an airdrop to active members of the Degen channel, and there are plans to airdrop 70% of the token's supply. In this DEGEN price prediction, we look at the suitability of this crypto asset as an investment for the next few years.
Degen (DEGEN) overview
According to CoinMarketCap, DEGEN was the 529th most valuable cryptocurrency by market capitalization as of March 11, 2025. The table below summarizes other relevant data for the same date.
Degen (DEGEN) price history
The DEGEN token began trading in the open market on January 7, 2024, at $0.0000017. It reached an all-time high of $0.069 on February 24, 2024, less than two months after its launch. After this impressive hike, the token’s price progressively dropped in the following months, trading around $0.003 in August and September. A sudden appreciation in the second week of November took the DEGEN price to $0.026 on November 15. Then, the price dropped again, ending 2024 at approximately $0.009. This downtrend continued into this year. As of March 11, 2025, DEGEN traded at about $0.003.
Degen (DEGEN) price prediction
DEGEN price prediction for 2025
According to PricePredictions, DEGEN will trade at an average and maximum of $0.005 in 2025. DigitalCoinPrice predicts an average price of $0.006, with a possible maximum of $0.007. AMBCrypto indicates an average price of $0.007 and a maximum of $0.009. So, considering the last prediction, investing in DEGEN at the current $0.003 per token could yield a +200% return in 2025.
DEGEN price prediction for 2026
Next year, the DEGEN price will likely continue to expand. DigitalCoinPrice expects DEGEN to trade at an average of $0.007, reaching a maximum of $0.008. PricePredictions indicate an average price of $0.008 and a maximum of $0.009. AMBCrypto is more optimistic, predicting an average price of $0.009 and a maximum of $0.01. Hence, a DEGEN investment at the current trading price of $0.003 could grow by +233% next year.
DEGEN price prediction for 2030
According to AMBCrypto, the DEGEN token will trade at an average of $0.014 and a maximum of $0.017. DigitalCoinPrice predicts an average price of $0.016 and a maximum of $0.017. PricePredictions is more optimistic, indicating an average price of $0.020 and a maximum of $0.021. Therefore, investing in DEGEN at the current $0.003 per token could yield a +600% return by 2030.
DEGEN price prediction for 2034
Sources significantly differ in their predictions for the DEGEN price in 2034. PricePredictions indicates an average price of $0.033 and a maximum of $0.034. AMBCrypto predicts an average price of $0.031, which could reach a maximum of $0.038. In contrast, DigitalCoinPrice predicts an average DEGEN price of $0.060, with a possible maximum of $0.061. If correct, a DEGEN investment at the current $0.003 per token could increase its value by +1,933% by 2034.
Conclusion
The DEGEN token currently trades at a low price, similar to the levels seen in the second half of last year. This price level presents a potential opportunity for new investors looking to enter the market at a favorable valuation. According to most predictions, its long-term prospects could be promising. However, as with any cryptocurrency investment, market conditions remain volatile, and thorough research is essential before making investment decisions.
FAQs
Is Degen (DEGEN) a good investment?
According to some price predictions, DEGEN might be a good long-term investment.
Will Degen (DEGEN) reach $1?
It is unlikely to happen within the next few years.
Where can I acquire DEGEN tokens?
You can get DEGEN tokens by swapping other cryptocurrencies on LetsExchange.io at competitive rates.
Disclaimer
Please keep in mind that the above information is based exclusively on our observations and is provided for informational purposes only. It doesn’t constitute any kind of financial advice nor represents an official forecast. Cryptocurrency is a highly volatile asset, and you are investing in it at your own risk.